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SINA Corporation (SINA): Today's Featured Technology Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

SINA Corporation (
SINA) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole was unchanged today. By the end of trading, SINA Corporation fell $2.24 (-3.5%) to $61.92 on heavy volume. Throughout the day, 5,682,155 shares of SINA Corporation exchanged hands as compared to its average daily volume of 3,452,700 shares. The stock ranged in price between $61.83-$65.30 after having opened the day at $65.02 as compared to the previous trading day's close of $64.16. Other companies within the Technology sector that declined today were:
Microvision (
MVIS), down 14.9%,
Sky-mobi (
MOBI), down 13.3%,
Himax Technologies (
HIMX), down 11.4% and
Cover-All Technologies (
COVR), down 9.1%.

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. SINA Corporation has a market cap of $4.4 billion and is part of the internet industry. Shares are down 23.9% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate SINA Corporation a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates
SINA Corporation as a
hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.